Meanwhile, the median single-family home price reached $610,000, the first time it exceeded $600,000 this year.

As the summer market approaches, both closed sales and new listings increased in April, according to the latest report from the Massachusetts Association of Realtors.

Buyers are finally getting some relief as mortgage rates dip below 7% for the first time in five weeks, according to a Redfin report. 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Boston has the fewest home listings nationally, in a market steeped with competition driven by low inventory.

Meanwhile, the Bay State had the fewest condo sales for the month of March since 2015.

Last month, the majority of properties sold at or above their full asking price.

After months of declines, March saw single-family home listings and closed sales jump almost 25% month over month, according to the Massachusetts Association of Realtors March housing statistics report.

Monthly home payments hit new records last month reaching an all-time high of $2,747, an 11% increase from last year.

The increasing inventory on Cape Cod and the islands is fostering optimism within the market, signaling positive signs as the spring season begins, according to a new report from the Cape Cod & Islands Association of Realtors.

In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.

Housing inventory in Massachusetts is rising just as the spring market approaches, according to the Massachusetts Association of Realtors (MAR) February housing statistics report

The Greater Boston housing market experienced its second month in a row of increased listings in February, bolstering buyer demand as the spring market got underway.

Prospective sellers should prepare to jump on the market — the week of April 14 through 20 will be the best time to sell this year.

Sales rose 9.5% from January to a seasonally adjusted annual rate of 4.38 million.